Filtronic plc Launches Wireless Business According to BAC Company Report03 Oct 2012 • by Natalie Aster
LONDON – After successful acquisition of Isotek (Holdings) Limited Group in November 2010 Filtronic plc started its reorganization and rebranding. And in January 2012 two subsidiaries of Isotek Holdings – UK-based Isotek Electronics Limited and US-based Isotek Inc – became a part of Filtronic Wireless business segment. They were also renamed as Filtronic Wireless Ltd and Filtronic Wireless Inc, respectively.
Annual results for the year ending May 2012 reveal positive trends in Filtronic financials. Revenue increased by 68.4% to GBP 26.1 M, gross profit and operating income stopped below zero point at GBP (1.7) M and GBP (1.6) M, respectively. Net income finished at positive value of GBP (0.04) M.
United Kingdom region generated sales of GBP 3.5 M during the last financial year. Europe was the main contributor with GBP 12.4 M result. Americas and Rest of the world added GBP 5.6 M and GBP 4.6 M, respectively. Broadband and Wireless segments almost matched in sales during the financial year. The former generated GBP 13 M, the latter contributed GBP 13.1 M.
Founded in 1977 and headquartered in Charlestown, West Yorkshire (UK), Filtronic plc engages in development and manufacture of broadband and wireless equipment components. Company’s target customers are original equipment manufacturers and mobile network operators. Since 1994 Filtronic trades on London Stock Exchange under the ticker FTC.
Full information disclosure on the company’s present activities, product portfolio, SWOT, financials, competitors and more can be found in the report “Filtronic plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Filtronic plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Sep, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.